CORTEZ – New listings and prices for single-family homes have gone down in Montezuma County when compared with this time last year, according to the Colorado Association of Realtors.
According to the association’s most recent data, listings of new and sold single-family homes declined in January, compared with January 2019. Median sales prices also declined.
Listings for townhouses and condominiums-condo increased, although none were sold.
New listings for the county’s single-family homes dropped from 39 in January 2018 to 31 last month, accounting for a 20.5 percent decrease. Sold single-family homes saw a 24.1 percent decrease, with 29 sold in January 2018 and 22 in 2019.
The median sales price also went down, listed at $250,000 in January 2018 and at $222,000 this year, for an 11.2 percent decrease.
This year had more new townhouse-condo listings, according to the association. There was only one townhouse-condo listing in January 2018, and four in January 2019, for a 300 percent increase. However, while last year’s one townhouse-condo listing sold for $177,000, none of the four on the market this January were sold, according to the data.
Both medians in the county were lower than the statewide numbers. The association reported the median sales price for Colorado single family homes in January 2019 was $375,000, while the median price for townhouses and condos across the state was $289,950.